Calpine

Oct 4 (Reuters) - Calpine Corp, the largest U.S. independent power generator, said it will buy an 800-megawatt power plant in Texas from Bosque Power Co LLC for $432 million plus adjustments. Calpine is expects to close the deal in early November and plans to fund the acquisition with cash on hand.

HOUSTON, Dec 2 (Reuters) - Calpine Corp said Monday it will expand its fleet of power plants in Texas, but delay construction of two "quick-start" peaker plants until a debate over electric market reform is settled. Texas, unlike many areas of the U.S., continues to see growing demand for electricity but tight financial markets and low wholesale power prices have stalled construction of all but a few new plants in the state's primary grid, overseen by...

HOUSTON, Nov 6 (Reuters) - Calpine Corp, operator of the nation's largest fleet of natural gas-fired power plants, produced 33 million megawatt-hours of electricity in the third quarter, up 14 percent from the same quarter last year even though summer temperatures were cooler overall, the company said on Tuesday. Houston-based Calpine said power output was a record for the summer quarter even as coal plants operated more hours to meet air conditioning...

HOUSTON, July 25 (Reuters) - Calpine's two new natural gas-fired power plants in California will begin commercial operation in a few days to replace lost nuclear output and to help meet renewable energy goals, the company said on Thursday. Calpine, the largest independent power producer in California, said its 429-megawatt Russell City Energy Center near Hayward, and the 309-MW Los Esteros Critical Energy Facility near San Jose will be completed in days,...

April 27 (Reuters) - Power company Calpine Corp posted a narrower first-quarter loss as commodity margins rose, driven largely by increased generation from natural gas. Clean-burning natural gas, whose prices have fallen to their lowest level compared with coal since 2009, is fast emerging as an alternative to coal for power generation. Net loss narrowed to $9 million, or 2 cents per share, from $297 million, or 61 cents per share, a year ago. Adjusted net...

Feb 11 (Reuters) - Pipeline company Kinder Morgan Energy Partners has signed an agreement with power producer Calpine Energy Services to deliver and store natural gas for power plants in Texas, Kinder said in a press release on Monday. Kinder will spend about $30 million to expand its Texas intrastate pipeline system in south Texas to deliver gas to Calpine's Magic Valley Generating Station in Hidalgo County, just north of the Mexican border. ...

By Joy Ferguson NEW YORK, Sept 24 (IFR) - Calpine Corp on Monday ditched plans to take out 10% of some of its longer-dated debt, following pushback from bondholders and the company's own price sensitivity. The US energy company was expected to price a US$615m 10-year non-call five senior secured offering through Morgan Stanley, Barclays, Deutsche Bank and RBC joint bookrunners. Proceeds of the deal were expected to be used to redeem 10% of the...

HOUSTON, Nov 6 (Reuters) - Calpine Corp, operator of the nation's largest fleet of natural gas-fired power plants, produced 33 million megawatt-hours of electricity in the third quarter, up 14 percent from the same quarter last year even though summer temperatures were cooler overall, the company said on Tuesday. Houston-based Calpine said power output was a record for the summer quarter even as coal plants operated more hours to meet air conditioning...

By Joy Ferguson Sept 24 (IFR) - Six US high-yield deals launched on Monday as the primary market remained robust, while Calpine withdrew its US$615m 10-year non-call five senior secured offering. Calpine launched its deal on Thursday through Morgan Stanley, Barclays, Deutsche Bank and RBC joint. Proceeds were expected to redeem 10% of the company's existing notes due between 2017 and 2023. Among today's new deals, Gray TV launched a US$250m eight year non-call three...

Oct 4 (Reuters) - Calpine Corp, the largest U.S. independent power generator, said it will buy an 800-megawatt power plant in Texas from Bosque Power Co LLC for $432 million plus adjustments. Calpine is expects to close the deal in early November and plans to fund the acquisition with cash on hand.

HOUSTON, Dec 2 (Reuters) - Calpine Corp said Monday it will expand its fleet of power plants in Texas, but delay construction of two "quick-start" peaker plants until a debate over electric market reform is settled. Texas, unlike many areas of the U.S., continues to see growing demand for electricity but tight financial markets and low wholesale power prices have stalled construction of all but a few new plants in the state's primary grid, overseen by...

By Joy Ferguson Sept 24 (IFR) - Six US high-yield deals launched on Monday as the primary market remained robust, while Calpine withdrew its US$615m 10-year non-call five senior secured offering. Calpine launched its deal on Thursday through Morgan Stanley, Barclays, Deutsche Bank and RBC joint. Proceeds were expected to redeem 10% of the company's existing notes due between 2017 and 2023. Among today's new deals, Gray TV launched a US$250m eight year non-call three...

Opponents of what would be Lake County's first peaker power plant vowed to keep fighting it, although Zion officials said an agreement has been reached. "We're going to keep working," Verena Owen, a member of the Lake County Conservation Alliance, said a day after the Zion City Council unanimously approved an agreement with Calpine Corp. to build the plant. After a 4 1/2-hour closed-door meeting, the council publicly approved the agreement in a 4-0 vote but refused to disclose the...

By Joy Ferguson NEW YORK, Sept 24 (IFR) - Calpine Corp on Monday ditched plans to take out 10% of some of its longer-dated debt, following pushback from bondholders and the company's own price sensitivity. The US energy company was expected to price a US$615m 10-year non-call five senior secured offering through Morgan Stanley, Barclays, Deutsche Bank and RBC joint bookrunners. Proceeds of the deal were expected to be used to redeem 10% of the...

Opponents of what would be Lake County's first peaker power plant vowed Wednesday to keep fighting it, although Zion officials said an agreement has been reached. "We're going to keep working," Verena Owen, a member of the Lake County Conservation Alliance, said a day after the Zion City Council unanimously approved an agreement with Calpine Corp. to build the plant. After a 4 1/2-hour closed-door meeting, the council publicly approved the agreement in a 4-0 vote but refused to...